NTNetweb Technologies India543945Quarterly results

Board approves Q2 results and proposal for a wholly owned subsidiary in Taiwan

Netweb Technologies' board approved unaudited results for the quarter and half year ended September 30, 2026, and a proposal to set up a wholly owned subsidiary in Taiwan.

By ScoutQuest · Sat 24 Oct 2026, 4:41 PM IST · 3 min read

Q2 revenue from operations

Rs. 13,232.79 million (a year earlier: Rs. 3,037.24 million)

Profit for the period

Rs. 1,366.56 million

Proposed Taiwan subsidiary

100% owned, subscription in cash, incorporation process not yet started

Netweb Technologies' board met on October 24, 2026 and approved two items: the unaudited financial results for the quarter and half year ended September 30, 2026, and a proposal to incorporate a wholly owned subsidiary in Taiwan. The results were reviewed by the statutory auditors, who stated that nothing came to their attention suggesting a material misstatement.

Quarter and half year results

• Revenue from operations for the quarter was Rs. 13,232.79 million, against Rs. 3,037.24 million in the same quarter a year earlier and Rs. 8,196.86 million in the preceding quarter.
• Total income for the quarter was Rs. 13,361.41 million and total expenses Rs. 11,534.92 million.
• Profit for the period was Rs. 1,366.56 million, against Rs. 314.33 million a year earlier.
• For the half year (April to September 2026), revenue from operations was Rs. 21,429.65 million and profit for the period Rs. 2,219.79 million.
• Basic and diluted earnings per share for the quarter were Rs. 23.54 each, on a face value of Rs. 2 per share (not annualised).

Proposed Taiwan subsidiary

• The board approved incorporating a wholly owned subsidiary in Taiwan; the incorporation process has not yet been initiated.
• The proposed company will be a 100% owned subsidiary, in the same industry in which the company operates (the notes describe the single business segment as computer servers).
• Subscription to the share capital will be in cash; the cost of subscription or price at which shares are subscribed is "to be determined".
• The proposed name is subject to approval by the relevant authority, and the update states no government or regulatory approval is applicable except that of the competent authority, if required.

Fund raise during the quarter

• The company raised Rs. 12,000.00 million through a qualified institutions placement of equity shares.
• 25,03,219 equity shares of face value Rs. 2 each were allotted at an issue price of Rs. 4,790 per share, comprising a share premium of Rs. 4,788 per share.
• The board approved the fund raise on July 1, 2026, shareholders through postal ballot e-voting on August 1, 2026, and the allotment in August 2026.

Balance sheet and cash flow pointers

• Total assets stood at Rs. 40,667.66 million as at September 30, 2026, against Rs. 22,549.28 million as at March 31, 2026; total equity was Rs. 21,041.41 million against Rs. 7,232.98 million.
• Inventories rose to Rs. 19,306.91 million from Rs. 8,048.44 million at March 31, 2026, and trade receivables were Rs. 7,843.73 million.
• For the half year, net cash used in operating activities was Rs. 6,391.48 million, while financing activities generated Rs. 10,788.30 million.

What a retail investor may want to track

• The quarter's revenue and profit are higher than the same quarter a year earlier, and the company is now debt-light on the long-term side with current borrowings of Rs. 3,204.77 million.
• The Taiwan step is at proposal stage, so its cost, name and timing are yet to be fixed; the update itself notes these details are not available as on date.
• The half year shows cash used in operations and a large inventory build, which are worth following in the coming quarters.
• The employee stock option note records 4,935 ESOPs granted on January 18, 2025, vesting over 1 to 2 years, with a cost of Rs. 0.62 million recorded for the period ended September 30, 2026.

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